QUESTION 13 Suppose the market demand for a good takes the form: Qp=100 - 2P and market supply takes the form: Qs= - 50+3P Suppose a $5 per unit tax is applied to sellers in the market. What is the producer tax incidence? QUESTION 14 Suppose the market demand for a good takes the form: Qp= 100-2P and market supoly takes the form:

QUESTION 13 Suppose the market demand for a good takes the form: Qp=100 - 2P and market supply takes the form: Qs= - 50+3P Suppose a $5 per unit tax is applied to sellers in the market. What is the producer tax incidence? QUESTION 14 Suppose the market demand for a good takes the form: Qp= 100-2P and market supoly takes the form:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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